October 28th, 2021 9:49 PM 0 COMMENTS

Government Departments Instructed to Clear Air India Dues

In the recent development of events, the Finance Ministry of India has directed all central ministries and government departments to pay off their dues to Air India instantaneously. Moreover, the Department of Expenditure (DoE) has instructed that all the government departments may purchase Air India tickets only on a cash basis. The changes are taking place as the national flag-bearing carrier has been taken over by Tata Group and a... Read More

September 30th, 2021 10:26 AM 0 COMMENTS

Air India Likely to Go to Tata Sons

Air India, the debt-laden flag carrier, is about to be sold to a private company. Air India has been very difficult for the government to sell. Only two bidders, including Tata Sons and SpiceJet, have shown interest in buying the company. Now, according to an ET report, the government on Wednesday decided on the minimum reserve price for the national carrier. Further, the government met both the bidders to discuss... Read More

July 24th, 2019 9:17 PM 0 COMMENTS

Air India Planning to Bring Back 17 Grounded Aircraft on Runway Before October End

As per Air India chief, Ashwani Lohani, the Air India plans to bring all its 17 grounded aircraft back on the runway before October-end. It is notable that Air India’s 17 aircraft have been grounded for a “prolonged” period ranging from four months to a year because of lack of funds for repair and maintenance. As per a PTI report, Ashwani Lohani, Air India Chairman and Managing Director said that... Read More

May 17th, 2019 2:50 PM 0 COMMENTS

Air India Business Should Be Restructured to Save It From Unsustainable Debts, Says Union Minister for Civil Aviation Suresh Prabhu

As a means to save the debt-ridden national carrier Air India, the Government offered to offload 76% of equity share, according to a report by Money Control. The article that quotes Aviation Secretary said that the government had provided financial support to the airline from time-to-time as it failed to attract any investors in the bidding process that completed on May 31. The Government is also said to have offered... Read More

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